China’s Shenzhen Gas begins LNG sales from Xuancheng plant

11 March 2013 09:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shenzhen Gas has started to supply liquefied natural gas (LNG) from its Xuancheng plant to the domestic market on 11 March, a company source said on Monday.

The company has achieved on-spec LNG production at the 300,000 cbm/day  plant at Xuancheng in Anhui province, central China, since early February, the source said.

It is running the plant at 50% capacity as demand in the domestic market is flat, the source said.

The company also built a 1,800cbm storage tank at the same site.

LNG output is offered at yuan (CNY) 4,400-4,500/tonne ($707-723/tonne) EXW (ex-works) and will be mainly distributed to provinces such as Anhui, Jiangsu and Zhejiang via third-party logistics companies, the source said.

Some output will be saved for captive use, added the source.

Shenzhen Gas, listed on Shanghai Stock Exchange, is largely engaged in city piped gas supply, liquefied petroleum gas (LPG) distribution and investment in gas projects.

($1 = CNY6.22)

By: Minhao Zhu

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